Coronary Artery Bypass Graft Market Insights:
The Coronary Artery Bypass Graft Market size was valued at USD 17.2 Billion in 2022, expecting a CAGR of 1.6% during the forecast period (2023-2030), and the market is projected to be worth USD 19.53 Billion by 2030.
Driver:
The increased adoption of Coronary Artery Bypass Graft in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Coronary Artery Bypass Graft also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Coronary Artery Bypass Graft in many sectors also boosts the market growth during the forecast period.
Coronary artery bypass graft (CABG) is a surgical procedure used to treat blocked or narrowed coronary arteries. Coronary arteries are the blood vessels that supply oxygen and nutrients to the heart muscle. When these arteries become blocked or narrowed, the heart muscle may not receive enough blood, leading to chest pain or even a heart attack. CABG is usually performed under general anesthesia and involves opening the chest to access the heart. The procedure can take several hours, depending on the number of blockages that need to be bypassed.
Coronary Artery Bypass Graft Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Technology (Off-pump CABG, On-pump CABG, Others), By Procedure (Single CABG surgery, Double CABG surgery, Triple CABG surgery, Quadruple CABG surgery, Others), By End Use (Hospitals, Cardiology Clinics, Research Institutes, Others), and companies (Medtronic, TERUMO CORPORATION, Guidant Group, MAQUET Holding B.V. & Co. K.G., Vitalitec International, Inc., Novadaq Technologies Inc., KARL STORZ GmbH & Co. K.G., Edwards Lifesciences, Genesee Biomedical Inc., and Sorin Group), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 1.6%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 19.53 Billion |
| CAGR (2023-2030) | 1.6% |
| By Technology | Off-pump CABG, On-pump CABG, Others |
| By Procedure | Single CABG surgery, Double CABG surgery, Triple CABG surgery, Quadruple CABG surgery, Others |
| By End Use | Hospitals, Cardiology Clinics, Research Institutes, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Medtronic, TERUMO CORPORATION, Guidant Group, MAQUET Holding B.V. & Co. K.G., Vitalitec International, Inc., Novadaq Technologies Inc., KARL STORZ GmbH & Co. K.G., Edwards Lifesciences, Genesee Biomedical Inc., and Sorin Group. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Coronary Artery Bypass Graft market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Medtronic, TERUMO CORPORATION, Guidant Group, MAQUET Holding B.V. & Co. K.G., Vitalitec International, Inc., Novadaq Technologies Inc., KARL STORZ GmbH & Co. K.G., Edwards Lifesciences, Genesee Biomedical Inc., and Sorin Group.
Market Segment Analysis:
By Technology
- Off-pump CABG
- On-pump CABG
- Others
By Procedure
- Single CABG surgery
- Double CABG surgery
- Triple CABG surgery
- Quadruple CABG surgery
- Others
By End Use
- Hospitals
- Cardiology Clinics
- Research Institutes
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Coronary Artery Bypass Graft industries in the region.
Key Coronary Artery Bypass Graft Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Coronary Artery Bypass Graft Market segments.
– Largest Market Share Held by Industry to Industry for Coronary Artery Bypass Graft
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Coronary Artery Bypass Graft Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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